Stellantis in discussions with Huawei and JAC for a partnership with Maserati
Article excerpt
Highlighted: the sentence this signal was extracted from
Stellantis $STLA is in talks with China's Huawei and JAC Group regarding a long-term industrial partnership for its Maserati brand, two anonymous sources told Reuters. The discussions concern the use of Huawei's Harmony Intelligent Mobility platform for Maserati vehicles, according to Reuters, citing Italian financial daily Milano Finanza, which first reported the talks on Friday. Negotiations have reached an advanced stage, with plans to launch the first co-developed vehicle before the end of next year. A potential deal could also involve a dual-brand arrangement, with vehicles sold under JAC's luxury brand Maextro in China and under the Maserati name in international markets. Maserati shipped fewer than 8,000 cars last year and recorded an adjusted operating loss of 198 million euros (230 million dollars). The brand is due to present its own long-term strategy in December. Stellantis issued a statement saying it regularly collaborates with companies worldwide on a wide range of topics, "always with the ultimate goal of providing customers with the best mobility choices." Huawei and JAC did not respond to the agency's request for comment. Stellantis CEO Antonio Filosa had indicated earlier this year that manufacturing partnerships, particularly for Maserati, had become central to the group's strategic direction. He added that concluding such an agreement would increase...
Keep reading with a free account
The rest of this article, and every signal for Stellantis, is in your free account.
